VND15 trillion for urgent transport projects

A budget of VND15 trillion (about USD643.2 million) will be spent on 14 urgent transport projects during the 2016-2020 period under the Standing Committee of 14th National Assembly’s Resolution No.566/NQ-UBTVQH14.

A budget of VND15 trillion will be spent on 14 urgent transport projects during the 2016-2020 period.

An amount of VND7 trillion (more than USD300.1 million) will be allocated for four railway projects, including the upgrade of weak bridges on Hanoi-Ho Chi Minh city route, construction of new stations on Vinh-Nha Trang route, upgrade of essential works on Hanoi-Vinh route, and upgrade of vital works on Nha Trang-Sai Gon route.

The remaining will be used for 10 road projects, comprising construction of a road connecting national highways 4C and 4D, national highway 3B, a road linking Hanoi-Hai Phong and Cau Gie-Ninh Binh expressways, and national highway 27.

The NA Standing Committee assigned the Government to direct relevant ministries, sectors, and localities to urgently complete investment procedures, allocate capital, and carry out the projects in line with the Law on public investment, and related regulations.

Those projects play a significant role in promoting socio-economy and ensuring defence-security.